18 Feb 2025

light mode

Metaverse in the Air: Spain is Funding Web3 Projects and More

Metaverse in the Air: Spain is Funding Web3 Projects and More

The Spanish government is ready to nurture the metaverse’s growth.

According to its new initiative, small- and medium enterprises and freelancers in Spain and other EU member states are eligible for a grant aimed at developing experimental projects relating to Web 3 and the metaverse. 

The total pool of funds available is 3.8 million euros, with the Ministry of Economic Affairs and Digital Transformation emphasizing that this call focuses on companies that produce immersive content in the audiovisual industry and the video game sector.

 

This initiative is part of the 2026 Digital Spain strategy that plans to turn the state into an Audiovisual Hub. The Ministry expects the metaverse’s worth to exceed one billion dollars worldwide in 2026 while also creating virtual and augmented reality. The country’s goal is to increase the actors’ competitiveness and capitalize on new business opportunities. It also looks to engage more women, requiring that their presence makes up at least 25% of the team.

 

The applications may be submitted between August 4 to 1:00 p.m. – August 31, 2022. 

 

Spain’s initiative plays into the ever-growing popularity of the metaverse. In Catalonia, officials are planning to create a so-called Cataverse, turning the region, particularly Barcelona, into a technological hub with a focus on providing university students with digital-themed programs and courses in order to grow a new generation of talents. 

Dubai has also recently unveiled a metaverse of its own, enabling people to access governmental institutions and departments in the virtual world.

Big companies like Gucci are not lagging behind. Recently, the brand welcomed everyone in Gucci Town, noting that “surprises await as Alessandro Michele’s vision transforms into a played story, with the Gucci Community as the main character. Journey through each space to create, connect, and collect, the Gucci way in this ongoing experience.”

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
Lawmaker Attacks Trump’s Meme Coin, Musk’s DOGE

Lawmaker Attacks Trump’s Meme Coin, Musk’s DOGE

Democratic Congresswoman Ayanna Pressley has criticized the DOGE agency and Trump’s meme coin, arguing they represent a dangerous shift in financial oversight.

Anton Kryshtal
LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

LIBRA Meme Coin Mystery—Is There a MELANIA Connection?

LIBRA’s sudden launch has left the crypto world divided. Was it just another meme coin stunt, or is there a real connection to Javier Milei? And what’s this about MELANIA? The plot thickens.

The Coinomist
Scammers Tricked Investors with a Fake Saudi Meme Coin

Scammers Tricked Investors with a Fake Saudi Meme Coin

Scammers impersonating Saudi Crown Prince Mohammed bin Salman on X claimed to launch an “official” KSA meme coin. Spoiler alert: It was a total scam.

Anton Kryshtal
Italy Moves to Rein In Crypto as EU, U.S. Rules Diverge

Italy Moves to Rein In Crypto as EU, U.S. Rules Diverge

The Bank of Italy, together with the Italian securities regulator Consob, met with industry leaders to discuss the evolving rules for digital assets.

Anton Kryshtal
Weekly Analysis of BTC, ETH, and the Stock Market (Feb 10, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Feb 10, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

Artem Khomenko
Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Feb 3, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

Artem Khomenko
Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

Weekly Analysis of BTC, ETH, and the Stock Market (Jan 27, 2025)

An overview of BTC, ETH, XAUT, and S&P500 charts, and the current cryptocurrency market dynamics.

Artem Khomenko
How to Bump a Transaction in the Bitcoin Network

How to Bump a Transaction in the Bitcoin Network

Sometimes, Bitcoin transactions can get “stuck,” especially if a low fee was set. In such cases, you might wonder: Why is my Bitcoin transaction stuck?

bitOn
Inside Cryptocurrency Farms: How Digital Coins Are Mined

Inside Cryptocurrency Farms: How Digital Coins Are Mined

Cryptocurrency farms and mining have evolved significantly since Bitcoin launched in 2009. To understand their growth, it helps to look at the broader history of resource extraction.

The Coinomist
From Bulls to Ballers — Why Celebrities Are Flocking to Crypto

From Bulls to Ballers — Why Celebrities Are Flocking to Crypto

Trump’s meme coin isn’t an outlier—it’s part of a broader trend. Back in 2021, celebrities were minting NFTs, and by 2024, they had moved on to personal token launches. The connection between fame and crypto has been growing for years, even if many failed to see it.

Vlad Vovk
Which Macroeconomic Factors Make Crypto Rise or Fall? 

Which Macroeconomic Factors Make Crypto Rise or Fall? 

It happens when you check the market and crypto prices are up or down for no obvious reason. Then you do some research and find out that there are actually reasons outside the crypto space.

Anahit Avetisyan
How Blockchain Helps Combat Disinformation

How Blockchain Helps Combat Disinformation

Fake news has become a global issue, shaping public opinion, fueling social tensions, and even influencing political decisions. With the rise of social media, the spread of misinformation has accelerated, making it increasingly difficult to regulate. However, blockchain technology offers a promising solution in the fight against fake news.

Daryna Nesterenko
Trading Psychology: How to Avoid Falling Victim to Your Own Biases

Trading Psychology: How to Avoid Falling Victim to Your Own Biases

The most successful traders aren’t always the smartest. More often, those who excel are the ones who understand psychological traps, manage their emotions, and maintain rationality under pressure.

Vlad Vovk
The Bitcoin Kid’s 2011 Prediction – How Right Was He? 

The Bitcoin Kid’s 2011 Prediction – How Right Was He? 

In May 2011, an unusual video surfaced on YouTube. A 12-year-old boy explained Bitcoin – how it works and what its future might hold.

Anahit Avetisyan
SBF’s Prosecutor Quits – What It Means for Crypto Crime

SBF’s Prosecutor Quits – What It Means for Crypto Crime

Danielle Sassoon, Acting U.S. Attorney for the Southern District of New York, has resigned, making headlines this week. And you’ve definitely heard of one of her biggest “client” names.

Anahit Avetisyan
MORE
«Mass Adoption Isn’t About Tech – It’s About Perception». Bitmedia Founder Matvii Diadkov – About RWA, Web3, And Marketing

«Mass Adoption Isn’t About Tech – It’s About Perception». Bitmedia Founder Matvii Diadkov – About RWA, Web3, And Marketing

Matvii Diadkov, founder of Bitmedia, shared with us in an exclusive interview his expert insights on Web3 adoption, impact of GameFi and community-centering tendencies in the market.

The Coinomist
“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

“Satoshi is CIA”: Swedish crypto bro opens up about his Bitcoin journey

The first crypto craze took place almost a decade ago. Overnight, many people found out about Bitcoin and its underlying technology, blockchain.

Lesia Dubenko
MORE